In Order to Cope with a Quickly Changing Competitive Environment

question 55

Multiple Choice

In order to cope with a quickly changing competitive environment, small businesses need to be ______.

• A) competition driven
• B) reactive
• C) market driven
• D) liquid

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Definitions:

Incumbent

An individual currently holding a specific public office.

Speaker of the House

The Speaker of the House is the presiding officer of the United States House of Representatives, responsible for leading the House’s legislative business and representing its members.

Standing Committees

Permanent legislative panels established by the United States House of Representatives and Senate rules.

Jurisdiction

The official power or authority to make legal decisions and judgments, often within a particular geographical area or over certain types of legal cases.